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This paper presents the findings of a research project and the content of IPIECA’s “Practitioner Note on Monitoring and Evaluation of Social Investment,” which focus on the challenges faced by companies considering an increase in stakeholder demand for evidence-based reporting of social investment.

McDermott International announced a “large” contract award from Saudi Aramco for the engineering, procurement, construction, and installation (EPCI) services in the Marjan field offshore Saudi Arabia. The contract calls for the upgrade of two existing platforms related to the installation of associated equipment for electrical submersible pumps, as well as space for a…

The Abu Dhabi National Oil Company (ADNOC) has awarded South Korea’s SK Engineering and Construction Company a contract to build what it calls the largest underground project ever for oil storage. Under the terms of the deal, SKEC will construct three underground storage caverns in the Emirate of Fujairah on the eastern coast of the United Arab Emirates. Each cavern w…

Rui Vasco Sitoe, associate professor in the petroleum engineering department at the Universidade Eduardo Mondlane (UEM) in Maputo, Mozambique died 23 February. He was the primary faculty member for the drilling discipline. Sitoe was one of the founders and coordinators of the master’s of science in petroleum engineering program (MSPE) at UEM, the first of its type in …

BP has contracted with i-Tech Services for subsea construction, inspection, repair, and maintenance (IMR) of BP’s portfolio in the West of Shetland and northern UK North Sea regions. Under the terms of the deal, i-Tech will provide a life-of-field support vessel complete with work-class and observation-class remotely operated vehicles (ROVs), capable of performing ins…

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The technical challenges imposed by tight well spacing and fracture interactions have become a focal point of recent earnings calls between investors and the leaders of several shale producers. The picture of the future is becoming clearer, and there are fewer oil wells in it.

BP Trinidad and Tobago began first gas production from its Angelin development on 26 February.

The vessel will produce approximately 2.5 mtpa of LNG for the project, which is expected to deliver first gas in 2022.

The past year ended with a surge of subsea tree awards as E&P operators locked in lower supply-chain cost. Will demand continue to grow in 2019 and allow subsea OEMs to build backlogs and take back pricing power?